Which of the Following Is Not One of the Tax

question 18

Multiple Choice

Which of the following is not one of the tax implications of being in a partnership?

• A)The partnership has to lodge an annual partnership return.
• B)The partnership must be registered under the PAYG instalments scheme.
• C)The partnership has its own TFN and can apply for an ABN.
• D)The partnership pays tax in its own name.

---

Definitions:

Central Nervous System

Comprises the brain and spinal cord; the primary information processing center for coordinating bodily functions and responses.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brain, down the back, and transmits nerve signals between the brain and the body.

Brain

A complex organ of the central nervous system, responsible for processing sensory information, regulating bodily functions, and enabling cognitive abilities such as thought and emotion.

Neuron

A specialized cell of the nervous system responsible for transmitting information throughout the body in the form of electrical and chemical signals.